Posted on September 16, 2015 by iMFdirect
By W. Raphael Lam, Xiaoguang Liu, and Alfred Schipke
(Version in 中国)
China is moving toward a “new normal” of safer and more sustainable growth. To this end, ensuring its labor market stays resilient will be critical. Reforms to contain vulnerabilities caused by buildup of credits may temporarily slow growth, and raise the unemployment rate, but supported through a strong safety net, these reforms will raise productivity, and facilitate more sustainable growth.
Despite the slowdown of the past few years, however, China’s labor market has remained resilient. Efforts to maintain labor market stability are paying off, helped by an expanding services sector.
Filed under: Asia, Economic Crisis, Economic outlook, Economic research, Emerging Markets, Employment, growth, IMF | Tagged: Asia, China, employment, labor force, labor market | Leave a comment »
Posted on September 15, 2015 by iMFdirect
By Ratna Sahay, Martin Cihak, Papa N’Diaye, Adolfo Barajas, and Srobona Mitra
(Version in Français, Español, عربي)
A growing number of policymakers see financial inclusion—greater access to financial services throughout a country’s population—as a way to promote and make economic development work for society. More than 60 countries have adopted national financial inclusion targets and strategies. Opening bank accounts for all in India and encouraging mobile payments platforms in Peru are just two examples. Evidence for individuals and firms suggests that greater access to financial services indeed makes a difference in investment, food security, health outcomes, and other aspects of daily life. Our study looks at the benefits to the economy as a whole.
Filed under: Advanced Economies, Economic research, Emerging Markets, Finance, Financial regulation, Fiscal policy, growth, IMF | Tagged: banks, economic growth, finance, financial inclusion, growth, India, inequality, infrastructure, Middle East, Peru, United States, women | Leave a comment »
Posted on September 10, 2015 by iMFdirect
By Joong Shik Kang and Shi Piao
(version in 日本語)
Japanese-brand cars have become everyday, household items in the United States, and it’s hard to drive in the country without seeing one on the roads. These cars may be manufactured by Japanese firms, but about 70 percent of these vehicles are actually produced in North America. Globally, in 2014, about two-thirds of Japanese cars were produced on assembly lines outside of that country. Despite the increase in overseas demand for Japanese vehicles, this hasn’t been mirrored by an expansion in investment, and the building of factories in Japan to meet that demand.
Against this background, our IMF Working Paper looks at possible reasons for this sluggish recovery of corporate investment in Japan, focusing on the role of Japanese firms overseas.
Filed under: Advanced Economies, Asia, Economic Crisis, Economic research, Financial Crisis, growth, IMF, International Monetary Fund, Investment, Reform, 日本語 | Tagged: Abenomics, Bank of Japan, energy, investment, Japan, labor force, manufacturing, structural reform | Leave a comment »
Posted on September 8, 2015 by iMFdirect
By Pritha Mitra
(Versions in Français and عربي)
Aspirations for greater fairness were at the core of the protests that triggered the Arab Spring almost five years ago—and remain largely unfulfilled today. In our new paper, we show that tax reform can go a long way towards meeting those aspirations.
Taxation is a critical interface between the state and citizens. How much revenue is raised, how the tax burden is distributed, and how taxation is implemented can all powerfully affect both the reality and the perception of economic opportunities—and the degree of trust in government.
Filed under: Economic Crisis, Economic outlook, Economic research, Employment, Finance, Financial Crisis, Fiscal policy, growth, IMF, Inequality, International Monetary Fund, Middle East, Reform, عربي | Tagged: Algeria, Arab Spring, income tax, Iran, Middle East and North Africa, oil exporters, oil importers, tax reform, tax system, taxation, taxes, Value-Added Tax, Yemen | 1 Comment »
Posted on September 2, 2015 by iMFdirect
This year’s IMF Annual Meetings are going on the road…to Lima, Peru. All the big debates will focus on economics, finance, inequality, financial inclusion, emerging markets, commodities and many more.
Since you’ve been reading gossip magazines at the beach busy this summer, we thought you might like a handy refresher on some of our blogs in recent months about Latin America.
Filed under: Annual Meetings, Economic outlook, Economic research, Emerging Markets, Español, Financial Crisis, Fiscal policy, Globalization, growth, IMF, Inequality, International Monetary Fund, Investment, Latin America | Tagged: Annual Meetings, Caribbean, commodities, emerging market, inequality, Latin America, Peru | Leave a comment »
Posted on August 31, 2015 by iMFdirect
For a man who declared on his arrival at the IMF “I do not blog,” Olivier Blanchard, our soon-to-be former Chief Economist, is one hell of a blogger.
Prolific and popular. A demi-god: half economist, half artist. Blanchard writes the way he thinks: sharp, frank, and intellectual, while pushing against the edges of his métier with the creativity and honesty of a singular economist.
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Emerging Markets, Europe, Financial Crisis, Fiscal policy, International Monetary Fund, Multilateral Cooperation | Tagged: Greece, IMF Annual Research Conference, IMF chief economist, jobs, Latvia, macroeconomic policy, oil prices, Olivier Blanchard | 1 Comment »